EOG Resources Inc (EOG)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 23,427,000 | 23,807,000 | 24,055,000 | 23,463,000 | 23,182,000 | 23,871,000 | 25,351,000 | 27,298,000 | 25,702,000 | 25,027,000 | 22,199,000 | 18,931,000 | 18,642,000 | 15,481,640 | 13,018,780 | 10,092,800 | 9,873,240 | 11,217,340 | 13,103,000 | 16,376,500 |
| Total current assets | US$ in thousands | 11,230,000 | 10,165,000 | 9,803,000 | 9,928,000 | 9,935,000 | 10,258,000 | 8,906,000 | 9,184,000 | 10,475,000 | 10,201,000 | 8,153,000 | 8,479,000 | 8,584,000 | 7,349,000 | 6,935,000 | 6,191,000 | 5,862,170 | 5,095,060 | 4,597,390 | 6,491,050 |
| Total current liabilities | US$ in thousands | 5,354,000 | 4,406,000 | 4,628,000 | 4,273,000 | 4,074,000 | 4,225,000 | 3,731,000 | 4,228,000 | 5,513,000 | 5,746,000 | 5,768,000 | 6,264,000 | 4,042,000 | 3,484,000 | 4,002,000 | 3,312,000 | 3,460,100 | 3,020,040 | 2,154,380 | 4,305,010 |
| Working capital turnover | 3.99 | 4.13 | 4.65 | 4.15 | 3.96 | 3.96 | 4.90 | 5.51 | 5.18 | 5.62 | 9.31 | 8.55 | 4.10 | 4.01 | 4.44 | 3.51 | 4.11 | 5.41 | 5.36 | 7.49 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $23,427,000K ÷ ($11,230,000K – $5,354,000K)
= 3.99
The working capital turnover ratio for EOG Resources Inc has fluctuated over the past few years. The ratio indicates how efficiently the company is utilizing its working capital to generate revenue. A higher ratio is preferable as it suggests that the company is effectively utilizing its working capital to generate sales.
Looking at the data provided, we can observe that the working capital turnover ratio ranged from a high of 9.31 in June 30, 2022, to a low of 3.51 in March 31, 2021. This fluctuation may be indicative of changes in the company's operational efficiency and management of working capital during the periods under consideration.
From a trend perspective, the working capital turnover ratio experienced a general decrease from 2022 to 2024, with some fluctuations along the way. The ratio decreased from 9.31 in June 30, 2022 to 3.99 in December 31, 2024. This trend might suggest a potential inefficiency in managing working capital or could be influenced by various operational or market factors affecting the company during this period.
Overall, a detailed analysis of the working capital turnover ratio in conjunction with other financial ratios and qualitative factors would provide a more comprehensive understanding of EOG Resources Inc's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024